Investment into Kazakh geology and subsoil use industry to be heavily incentivised, says minister

MINEX Forum | November 15, 2018
img0 The geology and subsoil use industry is a significant contributor to Kazakhstan’s economy, accounting for approximately 50 percent of investment inflow, and is undergoing major reform, said Kazakh Minister for Investments and Development Zhenis Kassymbek at a Nov. 13 government meeting. The recently adopted and implemented code on subsoil and subsoil use corresponds to international ...

Kazatomprom makes its debut in London after $3bn IPO

MINEX Forum | November 14, 2018
img0 The world’s biggest uranium producer Kazatomprom made its stock market debut on Tuesday after raising $450m from investors in London and Astana. On the London Stock Exchange its global depositary receipts — certificates which allow international investors to hold its shares — were trading at $12.00, up from the issue price of $11.60. The receipts ...

Kazatomprom IPO begins

MINEX Forum | November 14, 2018
img0 Conditional trading of shares in Kazakh uranium producer NAC Kazatomprom has today begun on the London Stock Exchange (LSE). The company is also due to float on the stock exchange of the Astana International Finance Centre (AIX). Kazakh sovereign wealth fund Samruk-Kazyna has offered 38,903,491 shares including global depositary receipts, or GDRs, representing 15% of ...

ArcelorMittal needs one month to restore Kazakh output

MINEX Forum | November 13, 2018
img0 ArcelorMittal Temirtau, a Kazakh unit of the world’s largest steelmaker, said on Monday it would take a month to restore output at its steel mill after an incident on Saturday prompted a partial suspension of operations. ArcelorMittal Temirtau, Kazakhstan’s biggest steel mill, said at the weekend that several gas pipelines had been damaged after a ...

Kazatomprom, the world’s largest uranium miner, plans listing in London

MINEX Forum | October 24, 2018
img0 The arrival of Kazatomprom in London will mark the second significant uranium-related listing within a year. Kazatomprom, the world’s largest producer of uranium, is planning a listing in London later this year or early next year. The company’s chief executive Galymzhan Pirmatov cited a recent rise in uranium prices coupled with a bullish outlook for ...

Massive gold treasure found in Kazakhstan

MINEX Forum | August 8, 2018
img0 Archaeologists working in the remote Tarbagatai Mountains of northeastern Kazakhstan unearthed 3,000 gold and precious metals objects and jewelry pieces that are presumed to date back almost 800 years before Christ. The treasure, found at the ‘Yeleke Sazy’ burial site, probably belonged to a noble family of the Saka people who ruled throughout central Asia ...

Kazakhstan starts export of uranium to Brazil

MINEX Forum | May 25, 2018
img0 Kazakhstan’s national company Kazatomprom delivered the first batch of uranium to Brazil, the company’s press service said in a message. “The National Atomic Company of Kazakhstan is expanding the geography of its products supply in the world nuclear fuel market. Kazatomprom JSC won an international tender for the supply of natural uranium concentrates for the ...